The Medicare true-false quiz: Test your knowledge

  • By Jamie P. Hopkins,
  • Kiplinger
  • Medical Insurance
  • Health Care & Wellness
  • Medical Insurance
  • Health Care & Wellness
  • Medical Insurance
  • Health Care & Wellness
  • Medical Insurance
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Health care costs are one of the biggest concerns for retirees. For most American retirees, Medicare is their primary health care plan. Medicare is complicated, and understanding it is crucial to making smart decisions to help control health care costs.

Unfortunately, research shows that many people don't. For instance, a report from The American College of Financial Services showed that only roughly 25% of those ages 60 to 75 could pass a retirement income literacy quiz that included a number of questions about Medicare.

The lack of literacy in retirement income planning in the United Sates indicates that many people are unable to make informed decisions about their own retirement and Medicare. Test your own Medicare literacy with this 10-question quiz.

1. If you are retired and receiving Social Security benefits, you will automatically get Medicare Part A and B when you turn 65.

  • True
  • False

Answer

2. Sally, age 65, is employed with a company with 10 other employees and is covered under her employer’s health plan. She likes her health insurance, and she decides to stick with it because there are no adverse consequences if she does not enroll in Medicare.

  • True
  • False

Answer

3. Medicare Part B helps cover the cost of prescription drugs.

  • True
  • False

Answer

4. One reason to purchase Medigap (Medicare Supplement Insurance) is to provide coverage for dental expenses.

  • True
  • False

Answer

5. All Medicare Part D plans are required to cover the same prescription drugs.

  • True
  • False

Answer

6. Medicare Part B premiums can vary depending on your income.

  • True
  • False

Answer

7. Medicare only covers stays in nursing homes in very limited situations.

  • True
  • False

Answer

8. One reason to choose Original Medicare over a Medicare Advantage plan is that with Original Medicare you can go to any doctor who accepts Medicare.

  • True
  • False

Answer

9. Health Savings Accounts (HSAs) can be used to help pay for Medicare premiums and other Medicare costs, such as your deductible and coinsurance.

  • True
  • False

Answer

10. Each year during the Open Enrollment period a Medicare beneficiary can change Medicare Part D plans.

  • True
  • False

Answer

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© 2018 The Kiplinger Washington Editors, Inc.
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